 "Motherson Sumi")
Samvardhana Motherson Group participated in the first round of bidding that Marelli Holdings held at the end of March as the latter has chosen a company to support its managerial restructuring, Japanese news agency Nikkei reported on Tuesday.
Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding, set for mid-April. KKR is also Marelli's parent company.
A spokesperson at Motherson Sumi declined to comment. India's largest auto component firm that has made 27 acquisitions in the last decade and half is looking to
